Subscriber Content PreviewFor full access log in at the top right or try the product

CrowdRise Lifts $23M in Latest VC Bet on Crowdfunding

VentureWire ,

Lora Kolodny,

April 21, 2014,

(c) 2014 Dow Jones & Company, Inc.

A crowdfunding platform for charitable causes has raised venture capital to grow its business and take a new approach that puts it in closer competition with some other services.

CrowdRise Inc., based in Royal Oaks, Mich., raised $23 million in a round led by Union Square Ventures, according to a news release. Also joining the round were Spark Capital, Index Ventures, the RatPac venture fund, CAA Ventures and United Talent Agency's venture fund, along with Bezos Expeditions, the personal investment company of Jeff Bezos....